Soon there will be more Bitcoin investors than stock traders in Indonesia.
The Indonesia Digital Asset Exchange (Indodax), founded in 2014 as Bitcoin.co.id, has 1,147,430 members already on board, according to its website.
An Indonesia Stock Exchange, which opened in 1912, is with 1.18 million registered participants according to data from the Indonesia Central Securities Depository. While The Indonesia Digital Asset Exchange (Indodax), founded in 2014 as Bitcoin.co.id, has 1,147,430 members already on board.
Moreover, The Indodax is targeting 1.5 million members by the end of the year, according to Chief Executive Officer Oscar Darmawan.
Indodax CEO Oscar Darmawan said:
“We are seeing almost 3,000 new members signing up everyday. Most people are trading in bitcoins though transactions in ethereum has increased significantly of late.”
In fact, soon there will be more traders on just one crypto platform than there are on the local stock exchanges established over a 100 years before it.
This is happening before your eyes, it is now clearly obvious that soon bitcoin will take over Indonesia. You can subscribe to our newsletter below for latest crypto news.